YYY vs. DIVO
YYY (Amplify CEF High Income ETF) and DIVO (Amplify CWP Enhanced Dividend Income ETF) are both exchange-traded funds - YYY is a Diversified Portfolio fund tracking the Nasdaq CEF High Income™ Index, while DIVO is a Derivative Income fund actively managed by Amplify. YYY is passively managed, while DIVO is actively managed. Over the past 5 years, YYY returned 3.55%/yr vs 10.45%/yr for DIVO. A 0.59 correlation means they provide meaningful diversification when combined. YYY charges 3.23%/yr vs 0.56%/yr for DIVO.
Performance
YYY vs. DIVO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with YYY having a 6.40% return and DIVO slightly higher at 6.60%.
YYY
- 1D
- 0.25%
- 1M
- 2.12%
- 6M
- 4.85%
- YTD
- 6.40%
- 1Y
- 10.55%
- 3Y*
- 12.25%
- 5Y*
- 3.55%
- 10Y*
- 5.50%
DIVO
- 1D
- -0.58%
- 1M
- 0.16%
- 6M
- 4.58%
- YTD
- 6.60%
- 1Y
- 15.40%
- 3Y*
- 14.69%
- 5Y*
- 10.45%
- 10Y*
- —
YYY vs. DIVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YYY Amplify CEF High Income ETF | 6.40% | 13.08% | 11.86% | 12.98% | -21.78% | 14.13% | -0.86% | 21.87% | -10.21% | 13.86% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.60% | 17.40% | 16.22% | 6.95% | -1.46% | 22.87% | 12.40% | 24.90% | -3.18% | 21.41% |
Correlation
The correlation between YYY and DIVO is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2016 | 0.59 |
The correlation between YYY and DIVO has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
YYY vs. DIVO — Risk / Return Rank
YYY
DIVO
YYY vs. DIVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify CEF High Income ETF (YYY) and Amplify CWP Enhanced Dividend Income ETF (DIVO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| YYY | DIVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 2.60 | -1.29 |
| Martin ratioReturn relative to average drawdown | 5.67 | 9.17 | -3.50 |
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Drawdowns
YYY vs. DIVO - Drawdown Comparison
The maximum YYY drawdown since its inception was -42.52%, which is greater than DIVO's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for YYY and DIVO.
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Drawdown Indicators
| YYY | DIVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.52% | -30.04% | -12.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -5.95% | -2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -13.47% | -12.12% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -27.71% | -13.72% | -13.99% |
Max Drawdown (10Y)Largest decline over 10 years | -42.52% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -0.58% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -2.59% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.68% | +0.19% |
Volatility
YYY vs. DIVO - Volatility Comparison
The current volatility for Amplify CEF High Income ETF (YYY) is 1.80%, while Amplify CWP Enhanced Dividend Income ETF (DIVO) has a volatility of 2.45%. This indicates that YYY experiences smaller price fluctuations and is considered to be less risky than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YYY | DIVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 2.45% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 7.23% | 7.05% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.65% | 9.19% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.38% | 11.93% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.87% | 14.79% | -0.92% |
YYY vs. DIVO - Expense Ratio Comparison
YYY has a 3.23% expense ratio, which is higher than DIVO's 0.56% expense ratio.
Dividends
YYY vs. DIVO - Dividend Comparison
YYY's dividend yield for the trailing twelve months is around 12.52%, more than DIVO's 6.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVO Amplify CWP Enhanced Dividend Income ETF | 6.41% | 6.44% | 4.70% | 4.67% | 4.76% | 4.79% | 4.91% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% |
YYY Amplify CEF High Income ETF | 12.52% | 12.51% | 12.50% | 12.39% | 12.36% | 9.08% | 9.79% | 9.10% | 9.73% | 8.16% | 10.34% | 10.77% |
Frequently Asked Questions
YYY and DIVO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVO has higher volatility (2.45%) compared to YYY (1.80%). In terms of maximum drawdown, YYY dropped -42.52% vs DIVO's -30.04%.
On 5-year performance, DIVO leads with 10.45% vs 3.55% for YYY. On fees, DIVO is cheaper at 0.56% per year. On volatility, YYY has been the lower-risk option at 1.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVO has performed better with a 10.45% return vs 3.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVO is cheaper with a 0.56% expense ratio, compared with 3.23% for YYY.
YYY has the higher dividend yield at 12.52%, compared with 6.41% for DIVO.
YYY is categorized as Diversified Portfolio, while DIVO is Derivative Income. Their fees differ too: 3.23% for YYY and 0.56% for DIVO.
DIVO currently has the higher Sharpe Ratio (1.68 vs 1.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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